Reported Earnings • Sep 08
Second quarter 2025 earnings released: EPS: CL$2.25 (vs CL$10.03 in 2Q 2024) Second quarter 2025 results: EPS: CL$2.25 (down from CL$10.03 in 2Q 2024). Revenue: CL$120.2b (down 21% from 2Q 2024). Net income: CL$9.00b (down 78% from 2Q 2024). Profit margin: 7.5% (down from 26% in 2Q 2024). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. New Risk • Jun 04
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 21% Last year net profit margin: 31% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (4.6% average weekly change). Profit margins are more than 30% lower than last year (21% net profit margin). Board Change • Apr 08
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 1 independent director. 8 non-independent directors. Independent Director Bernardo Talavera was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Tillkännagivande • Mar 06
Grupo Security S.A.(SNSE:SECURITY) dropped from S&P Global BMI Index Grupo Security S.A.(SNSE:SECURITY) dropped from S&P Global BMI Index Tillkännagivande • Feb 27
Grupo Security S.A., Annual General Meeting, Apr 01, 2025 Grupo Security S.A., Annual General Meeting, Apr 01, 2025. Location: augusto leguia sur 70, base floor las condes commune, santiago Chile New Risk • Feb 23
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.9% Last year net profit margin: 31% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (5.9% net profit margin). Reported Earnings • Feb 23
Full year 2024 earnings released: EPS: CL$38.94 (vs CL$49.20 in FY 2023) Full year 2024 results: EPS: CL$38.94 (down from CL$49.20 in FY 2023). Revenue: CL$2.65t (up 322% from FY 2023). Net income: CL$155.6b (down 21% from FY 2023). Profit margin: 5.9% (down from 31% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Dec 01
Third quarter 2024 earnings released: EPS: CL$6.89 (vs CL$13.75 in 3Q 2023) Third quarter 2024 results: EPS: CL$6.89 (down from CL$13.75 in 3Q 2023). Revenue: CL$123.0b (down 23% from 3Q 2023). Net income: CL$27.5b (down 50% from 3Q 2023). Profit margin: 22% (down from 34% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Sep 01
Second quarter 2024 earnings released: EPS: CL$10.03 (vs CL$13.31 in 2Q 2023) Second quarter 2024 results: EPS: CL$10.03 (down from CL$13.31 in 2Q 2023). Net income: CL$40.1b (down 25% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 04
First quarter 2024 earnings released: EPS: CL$11.34 (vs CL$10.60 in 1Q 2023) First quarter 2024 results: EPS: CL$11.34 (up from CL$10.60 in 1Q 2023). Revenue: CL$155.3b (down 52% from 1Q 2023). Net income: CL$45.3b (up 7.0% from 1Q 2023). Profit margin: 29% (up from 13% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 26
Upcoming dividend of CL$18.55 per share Eligible shareholders must have bought the stock before 30 April 2024. Payment date: 06 May 2024. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 5.6%. Lower than top quartile of Chilean dividend payers (12%). In line with average of industry peers (5.3%). Declared Dividend • Apr 14
Final dividend of CL$18.55 announced Shareholders will receive a dividend of CL$18.55. Ex-date: 30th April 2024 Payment date: 6th May 2024 Dividend yield will be 9.7%, which is higher than the industry average of 6.2%. Sustainability & Growth The dividend has increased by an average of 4.6% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 18% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 27
Full year 2023 earnings released: EPS: CL$49.20 (vs CL$32.61 in FY 2022) Full year 2023 results: EPS: CL$49.20 (up from CL$32.61 in FY 2022). Revenue: CL$627.3b (up 22% from FY 2022). Net income: CL$196.6b (up 51% from FY 2022). Profit margin: 31% (up from 25% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Feb 24
Grupo Security S.A. to Report Q4, 2023 Results on Feb 22, 2024 Grupo Security S.A. announced that they will report Q4, 2023 results on Feb 22, 2024 Upcoming Dividend • Oct 19
Upcoming dividend of CL$8.50 per share at 7.9% yield Eligible shareholders must have bought the stock before 26 October 2023. Payment date: 02 November 2023. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 7.9%. Lower than top quartile of Chilean dividend payers (13%). Higher than average of industry peers (7.0%). New Risk • Oct 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chilean stocks, typically moving 3.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (3.8% average weekly change). Reported Earnings • May 23
First quarter 2023 earnings released: EPS: CL$10.60 (vs CL$7.52 in 1Q 2022) First quarter 2023 results: EPS: CL$10.60 (up from CL$7.52 in 1Q 2022). Revenue: CL$147.6b (up 39% from 1Q 2022). Net income: CL$42.3b (up 41% from 1Q 2022). Profit margin: 29% (in line with 1Q 2022). Revenue is forecast to grow 55% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Banks industry in Chile. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Tillkännagivande • May 19
Grupo Security S.A. to Report Q1, 2023 Results on May 19, 2023 Grupo Security S.A. announced that they will report Q1, 2023 results on May 19, 2023 Upcoming Dividend • Apr 26
Upcoming dividend of CL$10.50 per share at 10.0% yield Eligible shareholders must have bought the stock before 03 May 2023. Payment date: 08 May 2023. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 10.0%. Lower than top quartile of Chilean dividend payers (13%). Higher than average of industry peers (7.9%). Reported Earnings • Mar 03
Full year 2022 earnings released: EPS: CL$32.61 (vs CL$22.42 in FY 2021) Full year 2022 results: EPS: CL$32.61 (up from CL$22.42 in FY 2021). Revenue: CL$512.6b (up 36% from FY 2021). Net income: CL$130.3b (up 44% from FY 2021). Profit margin: 25% (up from 24% in FY 2021). The increase in margin was driven by higher revenue. Cost-to-income ratio: 43.0% (down from 45.8% in FY 2021). Revenue is forecast to grow 53% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Banks industry in Chile. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 19
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: CL$133.7b (up 34% from 3Q 2021). Net income: CL$33.2b (up 23% from 3Q 2021). Profit margin: 25% (down from 27% in 3Q 2021). The decrease in margin was driven by higher expenses. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 1 independent director. 9 non-independent directors. Independent Director Hernán de las Heras Marín was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Upcoming Dividend • Oct 20
Upcoming dividend of CL$6.50 per share Eligible shareholders must have bought the stock before 27 October 2022. Payment date: 03 November 2022. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 9.1%. Lower than top quartile of Chilean dividend payers (13%). Higher than average of industry peers (5.7%). Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improved over the past week After last week's 15% share price gain to CL$157, the stock trades at a trailing P/E ratio of 5.5x. Average forward P/E is 7x in the Banks industry in Chile. Total loss to shareholders of 16% over the past three years. Reported Earnings • Aug 19
Second quarter 2022 earnings released: EPS: CL$9.23 (vs CL$4.01 in 2Q 2021) Second quarter 2022 results: EPS: CL$9.23 (up from CL$4.01 in 2Q 2021). Revenue: CL$135.7b (up 57% from 2Q 2021). Net income: CL$36.9b (up 128% from 2Q 2021). Profit margin: 27% (up from 19% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Tillkännagivande • Jul 15
Grupo Security S.A. to Report Q2, 2022 Results on Aug 17, 2022 Grupo Security S.A. announced that they will report Q2, 2022 results on Aug 17, 2022 Reported Earnings • May 24
First quarter 2022 earnings released: EPS: CL$7.52 (vs CL$6.02 in 1Q 2021) First quarter 2022 results: EPS: CL$7.52 (up from CL$6.02 in 1Q 2021). Revenue: CL$106.1b (up 13% from 1Q 2021). Net income: CL$30.1b (up 24% from 1Q 2021). Profit margin: 28% (up from 26% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Board Change • Apr 26
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. 1 independent director (8 non-independent directors). Independent Director Hernán de las Heras Marín was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Apr 20
Upcoming dividend of CL$8.50 per share Eligible shareholders must have bought the stock before 27 April 2022. Payment date: 02 May 2022. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 11%. Within top quartile of Chilean dividend payers (9.5%). Higher than average of industry peers (5.1%). Tillkännagivande • Apr 15
Grupo Security S.A. to Report Q1, 2022 Results on May 20, 2022 Grupo Security S.A. announced that they will report Q1, 2022 results on May 20, 2022 Tillkännagivande • Apr 06
Grupo Security S.A., Annual General Meeting, Apr 21, 2022 Grupo Security S.A., Annual General Meeting, Apr 21, 2022, at 09:30 Eastern Daylight. Reported Earnings • Mar 02
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CL$21.95 (up from CL$16.95 in FY 2020). Revenue: CL$374.8b (up 5.9% from FY 2020). Net income: CL$88.6b (up 36% from FY 2020). Profit margin: 24% (up from 18% in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improved over the past week After last week's 18% share price gain to CL$129, the stock trades at a trailing P/E ratio of 6.1x. Average forward P/E is 9x in the Banks industry in Chile. Total loss to shareholders of 46% over the past three years. Upcoming Dividend • Oct 19
Upcoming dividend of CL$5.50 per share Eligible shareholders must have bought the stock before 25 October 2021. Payment date: 28 October 2021. Trailing yield: 9.2%. Within top quartile of Chilean dividend payers (8.5%). Higher than average of industry peers (3.6%). Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS CL$4.01 (vs CL$2.93 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CL$86.2b (up 15% from 2Q 2020). Net income: CL$16.2b (up 50% from 2Q 2020). Profit margin: 19% (up from 14% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • May 19
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CL$122, the stock trades at a trailing P/E ratio of 7.2x. Average forward P/E is 9x in the Banks industry in Chile. Total loss to shareholders of 57% over the past three years. Is New 90 Day High Low • Mar 11
New 90-day high: CL$165 The company is up 22% from its price of CL$135 on 10 December 2020. The Chilean market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 19% over the same period. Reported Earnings • Feb 28
Full year 2020 earnings released: EPS CL$16.95 (vs CL$21.96 in FY 2019) The company reported a decent full year result with improved revenues, although earnings and profit margins were weaker. Full year 2020 results: Revenue: CL$1.09t (up 184% from FY 2019). Net income: CL$65.1b (down 20% from FY 2019). Profit margin: 6.0% (down from 21% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Feb 19
Grupo Security S.A. to Report Q4, 2020 Results between Feb 25, 2021 and Feb 26, 2021 Grupo Security S.A. announced that they will report Q4, 2020 results between Feb 25, 2021 and Feb 26, 2021 Is New 90 Day High Low • Jan 07
New 90-day high: CL$140 The company is up 7.0% from its price of CL$131 on 09 October 2020. The Chilean market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 18% over the same period. Reported Earnings • Nov 16
Third quarter 2020 earnings released: EPS CL$8.60 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CL$111.0b (up 29% from 3Q 2019). Net income: CL$30.4b (up 67% from 3Q 2019). Profit margin: 27% (up from 21% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Nov 05
New 90-day low: CL$120 The company is down 20% from its price of CL$150 on 07 August 2020. The Chilean market is down 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is down 10.0% over the same period. Is New 90 Day High Low • Oct 20
New 90-day low: CL$124 The company is down 13% from its price of CL$143 on 22 July 2020. The Chilean market is down 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is down 10.0% over the same period. Upcoming Dividend • Oct 19
Upcoming Dividend of CL$3.50 Per Share Will be paid on the 29th of October to those who are registered shareholders by the 26th of October. The trailing yield of 9.5% is in the top quartile of Chilean dividend payers (6.1%), and it is higher than industry peers (4.9%).